Escalon Medical (OTCMKTS:ESMC) Stock Price Passes Below 50-Day Moving Average of $0.18

Escalon Medical Corp. (OTCMKTS:ESMC)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.18 and traded as low as $0.14. Escalon Medical shares last traded at $0.14, with a volume of 14,500 shares.

Escalon Medical Trading Down 12.5 %

The firm’s 50-day simple moving average is $0.18 and its 200 day simple moving average is $0.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.89 and a current ratio of 1.58.

Escalon Medical (OTCMKTS:ESMC) last released its quarterly earnings data on Tuesday, May 14th. The medical equipment provider reported ($0.02) earnings per share for the quarter. The firm had revenue of $2.70 million for the quarter. Escalon Medical had a negative return on equity of 22.59% and a negative net margin of 2.32%.

About Escalon Medical

Escalon Medical Corp. engages in the development, manufacturing, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology in the United States and internationally. It offers A-Scan, which provides information about the internal structure of the eye; B-Scan, a diagnostic tool that supplies information to physicians where the media within the eye are cloudy or opaque; UBM, a high frequency/high resolution ultrasound device, which provides detailed information about the anterior segment of the eye; and Pachymeter that measures the thickness of cornea.